Financial targets
Nokian Tyres' financial targets extending until the end of 2029 are:
- Net sales: EUR 1.8–2.0 billion
- Profitability: Segments EBITDA > 24% and Segments operating profit > 15%
- Capital structure: Net debt/Segments EBITDA < 2
The company’s dividend policy remains unchanged: the target is to distribute at least 50% of net earnings.
The company has defined a range for net sales and aims to keep Net debt/Segments EBITDA below 2.
Segments EBITDA as a percentage of net sales is prioritized as its key profitability metric.
Read more about our updated strategy and financial targets
Non-financial targets
Nokian Tyres non-financial targets focus on bringing new environmental and safety innovations to products, reducing CO₂ emissions in line with the Science Based Targets, further improving workplace safety, monitoring the sustainability of suppliers, and developing personnel wellbeing.
Nokian Tyres will, for example:
- Increase the share of recycled or renewable raw materials in tires to 50% by 2030
- Reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from 2022 base year
- Achieve net-zero greenhouse gas emission level by 2050 in line with the Net-Zero Standard of the Science Based Targets initiative
- Decrease accident frequency (LTIF) from 8.3 (2018) to 1.5 by 2025
- Audit 100% of significant high-risk suppliers by 2025
- Develop personnel wellbeing